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Nov 2, 2012
11/12
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now it is suspended non-u.s. flagships can also help bring petroleum products to areas where they are needed. of course it will take a while still for long gasoline lines to get shorter. for days now drivers throughout the new york area have had a very hard time getting gasoline. lines are sometimes half a mile long. >>> bertha coombs is on a tug in the harbor right now. that's going to be instrumental in getting more gasoline. >>> but first, kate kelly has more on the port situation in bayonne, new jersey. kate? >> reporter: thanks so much, michelle. we're here right in new york harbor where things today are slowly coming back to life after nearly a week in which this harbor was closed to marine vessels coming in and out. yesterday the coast guard opened this harbor for the first time in nearly a week. the port of new york and new jersey to boats with a special aim in mind, bringing gasoline and diesel to the city for much needed replenishment of empty fuel stations. there was an unflux of barges bringing petrol
now it is suspended non-u.s. flagships can also help bring petroleum products to areas where they are needed. of course it will take a while still for long gasoline lines to get shorter. for days now drivers throughout the new york area have had a very hard time getting gasoline. lines are sometimes half a mile long. >>> bertha coombs is on a tug in the harbor right now. that's going to be instrumental in getting more gasoline. >>> but first, kate kelly has more on the port...
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Nov 7, 2012
11/12
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the u.s. could be in for another downgrade. john harwood on the president's biggest challenge in this new term. >> hi, sue. you just heard from the politicians about their approach to the fiscal cliff and the challenge facing the country. let's look at what the voters had to say about it last night. because this is what president obama and congress are going to turn to immediately. first of all, if you segment the electorate by income, in 2008 the president carried people who earned over $200,000 a year narrowly over john mccain. he lost that group this time, also lost between between $200,000 and $250,000 and people over $250,000. but the affluent voters lost the argument on taxes with the american electorate overall. you ask people should taxes go up? 60% of the american people say yes, taxes should go up. only 35% say no, they shouldn't. then when you segment that, you've got 13% of the american people saying they should go up on everyone. that's what would happen if we went over the fiscal cliff. but 47% say they should onl
the u.s. could be in for another downgrade. john harwood on the president's biggest challenge in this new term. >> hi, sue. you just heard from the politicians about their approach to the fiscal cliff and the challenge facing the country. let's look at what the voters had to say about it last night. because this is what president obama and congress are going to turn to immediately. first of all, if you segment the electorate by income, in 2008 the president carried people who earned over...
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Nov 21, 2012
11/12
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i even think the u.s. economy is getting cheaper. this big reduction is making it a little more exciting. >> it can be health care versus defense stocks. you know, one way or the other depending on the fiscal cliff. you ready to buy either of those? >> i think at this point, if you go over the fiscal cliff, those sectors will be very exciting. one area that i'm really looking at is cyclical versus defensive. i like the cyclicals. >> all right, gentlemen. thank you very much. it's the 65th anniversary for the toys for tots campaign by the m
i even think the u.s. economy is getting cheaper. this big reduction is making it a little more exciting. >> it can be health care versus defense stocks. you know, one way or the other depending on the fiscal cliff. you ready to buy either of those? >> i think at this point, if you go over the fiscal cliff, those sectors will be very exciting. one area that i'm really looking at is cyclical versus defensive. i like the cyclicals. >> all right, gentlemen. thank you very much....
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Nov 16, 2012
11/12
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that's the third biggest u.s. opening ever putting the film on track to -- for as much as $150 million at the u.s. box office this weekend, making "twilight" one of the biggest franchises ever. internationally it is also off to massive start, setting single-day records for the year in both italy and france. this certainly makes lionsgate $412 million acquisition of summit which produces the movie look like a pretty good deal. >>> block ops 2 had the biggest entertainment launch ever with more than $500 million in worldwide sales in the first 24 hours. that's $100 million more than the record the prior column duty set last year. act vision says it remains cautious given the economic situation but analysts still expect this game to sell $19 million to 20 million cop nies this year and next. >>> put an ipad in a blender. who would do that and push start? there it is. we'll show you what happens in a minute and see why that blender has become such a big money maker. >>> plus, iron mike tyson versus that koala bear. se
that's the third biggest u.s. opening ever putting the film on track to -- for as much as $150 million at the u.s. box office this weekend, making "twilight" one of the biggest franchises ever. internationally it is also off to massive start, setting single-day records for the year in both italy and france. this certainly makes lionsgate $412 million acquisition of summit which produces the movie look like a pretty good deal. >>> block ops 2 had the biggest entertainment...
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Nov 20, 2012
11/12
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u.s. government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of this. let's shift to bonds and dollar. rick santelli at the cme group in chicago. rick? >> thank you, jim. everyone is excited about good housing numbers. everybody but the fixed income market. everybody but the equity market. i know there's an hp issue here. however, let's look at the charts. let's put up a two-day chart of tens. clearly you can see we're up about a basis point on the day. if you look on the right side of the chart and look around 8:30 eastern, you can't pick out that we had a good housing number. if you really switch this around a bit, you lo
u.s. government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of this. let's shift to bonds and dollar. rick santelli at...
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Nov 12, 2012
11/12
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u.s. is on negative outlook. s&p already downgraded. >> i think that we all kind of remember what happened -- i think that the big worry on the left side would be i think listen, nothing happened. interest rates went down again. that's a scare tactic. i'll use a scare tactic. $600 billion in new taxes january 1. that's reality. >> unemployment going back to 9.1 if this happens. that's a number that gets your attention. the "times" does a nice piece about fix the debt group. groups of very large companies trying to weigh in on their own side with ads. i don't know if we have them right now. nike with a mock nike ad that says just fix it. mcdonald's saying i'm fixing it. >> home depot. we can fix it. >> that group raised a lot of money over the last year or so. $30 million, $40 million, more than you might have anticipated to mount this public campaign. >> dave is doing a lot of great things. ceo of honeywell. wants to put aside -- i don't know if he's a democrat or republican. i know he's a
u.s. is on negative outlook. s&p already downgraded. >> i think that we all kind of remember what happened -- i think that the big worry on the left side would be i think listen, nothing happened. interest rates went down again. that's a scare tactic. i'll use a scare tactic. $600 billion in new taxes january 1. that's reality. >> unemployment going back to 9.1 if this happens. that's a number that gets your attention. the "times" does a nice piece about fix the debt...
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Nov 30, 2012
11/12
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not in the u.s. it requires a company focused on daily deals to have a huge sales force and then incredibly dense amount of offers within a locale so that the offers you receive in your e-mails don't seem completely irrelevant. that offer density is something that is very hard for a second or third or 50th player in the space to put forth. that's why living social is cutting back trying to focus on things that are profitable. if you're the biggest which groupon is by a long shot still, they can make it work. it's not perhaps being run optimally today and i'm sure they'll try to make that change over the course of the next year, but that offer density they have it and they have the sales force and they're not shrinking in the u.s. outside of the u.s. it doesn't seem to be working. >> i'm trying to count the number of companies you have seen start up and go public and you name it. if being first and being biggest isn't enough, does that change the way startups have to think from now on? >> i think this
not in the u.s. it requires a company focused on daily deals to have a huge sales force and then incredibly dense amount of offers within a locale so that the offers you receive in your e-mails don't seem completely irrelevant. that offer density is something that is very hard for a second or third or 50th player in the space to put forth. that's why living social is cutting back trying to focus on things that are profitable. if you're the biggest which groupon is by a long shot still, they can...
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Nov 8, 2012
11/12
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would that money go toward u.s. infrastructure, u.s. jobs? give us a rough idea of how that money might be deployed. >> yeah. so we would do both. obviously, more investment. we are growing substantially in the united states in terms of jobs. probably two thirds of employees already in the united states. even though about 95% of our revenues come offshore so we're very focused on growing in the united states. we think that we have great talent here. but of course, we are not a team with big factories. we are called chip designers and somebody builds them for us. we hope to see growth in the united states. i mean -- >> all right. we were going the lose that shot at 9:50 eastern time. >> the edge on that one. >> you want to use every single second. >> someone like paul jacobs. >> people. at home should know we knew this was coming and didn't want to let you down. bet tore hear from him than from us. this is the most important guy trying to save the market today. >> right. >> and so we did go over and that's what happens. >> you asked the questi
would that money go toward u.s. infrastructure, u.s. jobs? give us a rough idea of how that money might be deployed. >> yeah. so we would do both. obviously, more investment. we are growing substantially in the united states in terms of jobs. probably two thirds of employees already in the united states. even though about 95% of our revenues come offshore so we're very focused on growing in the united states. we think that we have great talent here. but of course, we are not a team with...
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Nov 2, 2012
11/12
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both probably u.s. dollar positive. and i think what we should be looking at is what has transpired in europe. things are beginning to brew again. we have political risk rising. greece could fall apart. we could enter a whole new election cycle in the next two weeks. >> just the levels there. >> reporter: absolutely. $1. $1.2795 short euro looking to fall back down to $1.26 with a stop at 1.29. >> okay. good to see you, camilla sutton joining us there and for more trade catch money in motion, currency trading tonight. yes, it is friday. at 5:30 eastern. and if you want more education about currency go to currency class. >> goldman's chief economist jan hatzius will join us. we'll get his take on the jobs number and what it means for the economy moving forward. and we're awaiting the president to speak on the jobs number at any moment. when that happens we will take you there live when he begins his remarks. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractur
both probably u.s. dollar positive. and i think what we should be looking at is what has transpired in europe. things are beginning to brew again. we have political risk rising. greece could fall apart. we could enter a whole new election cycle in the next two weeks. >> just the levels there. >> reporter: absolutely. $1. $1.2795 short euro looking to fall back down to $1.26 with a stop at 1.29. >> okay. good to see you, camilla sutton joining us there and for more trade catch...
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Nov 21, 2012
11/12
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kayla is outside u.s. bankruptcy court in white plains, new york, with yet, kayla, another disappointment, right? >> reporter: it is, carl. this building behind me has come to be known as the de facto hostess funeral home. sgit that hail mary effort yesterday between hostess executives and the bakers u.n. to try union, they tried to come to a deal. they couldn't. now it's back to square one, what the judge was discussing on monday, a potential liquidation. they wanted to avoid it. they wanted to avoid costing as many jobs as it would. 18,500 people. that's how many people hostess employs. here's some issues that are going to be on the docket for certain. there is a motion by a trustee to liquidate the company in chapter 7, not chapter 11. what that means is new management would be appointed to affect the winddown, not the current management in place. another motion deals with executive pay. right now the executives are slated to get about $1.75 million as part of the wind-down effort. also a motion over wh
kayla is outside u.s. bankruptcy court in white plains, new york, with yet, kayla, another disappointment, right? >> reporter: it is, carl. this building behind me has come to be known as the de facto hostess funeral home. sgit that hail mary effort yesterday between hostess executives and the bakers u.n. to try union, they tried to come to a deal. they couldn't. now it's back to square one, what the judge was discussing on monday, a potential liquidation. they wanted to avoid it. they...
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Nov 16, 2012
11/12
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we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns based on the world gold council report about demand particularly out of china. we've seen the cme lower margins for gold and silver so that may have an impact on the trading activity from here. carl, back to you at the white house. >> all right. thanks so much. in a half hour from now the president will hold key meeting with top congressional leaders on solving the fiscal cliff. we'll be over this crit aleveic event. both sides of the aisle will be covered. "squawk on the street" is coming right back. tdd#: 1-800-345-2550 this morning, i'm going to trade in hon
we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns...
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Nov 13, 2012
11/12
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jim, 4.2 on global comps. 4.3 in the u.s. frank referring to what he calls a healing in the u.s. housing market. >> he's remarkable. he's correctly been negative when it was right to be negative. he's now positive. i was most concerned that this company would have a big dip right here because there's a lot of companies that are reporting that the last few weeks have been bad because of sappndy. didn't skip a beat. stock was down after a series of headlines that misinterpreted the charge. this one could be off to the races. >> what's interesting about home depot, they didn't outline sandy impact because it would be the pull forward in terms of sales in preparation for the hurricane but the books did close prior to sandy so full impact of sandy won't be felt. color expected on the conference call but that could be a key driver going into the last quarter of the year. metrics on the quarter were good. best ticket growth in four years in terms of ticket size. average ticket 54.50. up 2.9% year on year. even below the surface the numbers were really solid for home depot. >> one of the
jim, 4.2 on global comps. 4.3 in the u.s. frank referring to what he calls a healing in the u.s. housing market. >> he's remarkable. he's correctly been negative when it was right to be negative. he's now positive. i was most concerned that this company would have a big dip right here because there's a lot of companies that are reporting that the last few weeks have been bad because of sappndy. didn't skip a beat. stock was down after a series of headlines that misinterpreted the charge....
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Nov 5, 2012
11/12
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here in the u.s. we're reassessing what's happening with hurricane sandy and how that's going to impact u.s. oil prices but brent crude is oil and copper prices are at a two-month low. i want to bring in eric who is an independent copper trader here on the floor for nearly 30 years. we have seen a great deal of malaise. what is pressuring copper at the moment. >> we saw a run-up in mid september and everybody got on board waiting for the next big push. after that when it didn't materialize, we had quite a bit of sell-off ever since then. now we have supply issue in which we built up stocks lately and with uncertainty in two big elections in largest world economy, people head toward the sidelines. >> everybody is focused on the u.s. election. you say that china -- what happens on thursday there could be a really big event for the copper market. >> for europe that's been in headlines for quite a long time. they don't use that much copper and their economy is in recession for a while. much like the unite
here in the u.s. we're reassessing what's happening with hurricane sandy and how that's going to impact u.s. oil prices but brent crude is oil and copper prices are at a two-month low. i want to bring in eric who is an independent copper trader here on the floor for nearly 30 years. we have seen a great deal of malaise. what is pressuring copper at the moment. >> we saw a run-up in mid september and everybody got on board waiting for the next big push. after that when it didn't...
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Nov 9, 2012
11/12
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and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> if you want to know what stocks can work in this increasingly difficult environment, how about we start with stocks that go up when they report earnings, not down, especially on horrendous days of late. stocks like henry
and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go...
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Nov 3, 2012
11/12
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a bank like wells fargo, u.s. bancorp -- morgan stanley with tremendous exposure to the continent. that's why at times i've had to dismiss the earnings per share gates entirely at the moment if the cohort was radically out of favor. but i never just forgot them. instead i try to choose -- figure out which one's ten at times, break the sector of the gravitational pull and which one can shine. if the sector falls back into favor i got to be ready. in bottom 2009 remember the march bottom generational? we've seen many sectors retail and individual stocks within those sectors outperform. i like to listen to the earnings of all the retailers. at given times i am wrapped by the groups doing the best. by far the top performers during this period have been the discount stores, particularly the dollar stores. dollar general, dg, and dollar tree. when i see the markets tied at money going to retail i go back to my earnings report memory and i reach for these two. i know they have the most earnings momentum. i only know that because i keep listening to the calls. even though the group may hav
a bank like wells fargo, u.s. bancorp -- morgan stanley with tremendous exposure to the continent. that's why at times i've had to dismiss the earnings per share gates entirely at the moment if the cohort was radically out of favor. but i never just forgot them. instead i try to choose -- figure out which one's ten at times, break the sector of the gravitational pull and which one can shine. if the sector falls back into favor i got to be ready. in bottom 2009 remember the march bottom...
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Nov 8, 2012
11/12
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reforming our tax code, fixing our immigration system. >> u.s. oil imports have been on the decline since 2008 and new forecasts say the u.s. will rely on domestic energy output in coming years but price wills stay high because of production costs. how are industry leaders positioning themselves for the move? let's ask the ceo of devon energy who joins us from headquarters in oklahoma city. it's a pleasure to speak with you. >> nice to see you, melissa. >> we played a couple clips of president obama saying all the right things to the oil industry and americans. there is a perception in the stock market that republican presidency would have been more supportive of oil and gas production. what's the truth? where do you stand on that? >> we haven't seen the president and administration do the things that would allow us as an industry to take advantage of the wonderful resource we're sitting on in the u.s. now through this last few weeks and through the campaign he said the right things. i hope he can follow through. we can add to it from an energy p
reforming our tax code, fixing our immigration system. >> u.s. oil imports have been on the decline since 2008 and new forecasts say the u.s. will rely on domestic energy output in coming years but price wills stay high because of production costs. how are industry leaders positioning themselves for the move? let's ask the ceo of devon energy who joins us from headquarters in oklahoma city. it's a pleasure to speak with you. >> nice to see you, melissa. >> we played a couple...
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Nov 27, 2012
11/12
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u.s. stocks are down 2%. that's like nothing. so basically what's happening is this fiscal cliff is holding down a market that's being boosted by what steve said, better economic numbers, not just in the u.s. china's bottom is going up. we've seen better pmi numbers in europe. monetary expansion is pushing asset spriess up. so again, if you believe there's going to be resolve, and it could well go down. i actually think there will be bigger buying opportunities if you go through december 31st with negative rhetoric into the new year. that's when things get really nasty here. i don't learn anything from the sound bites from senator reid or boehner or anybody else. these are just negotiations going on. >> all right. >> unfortunately in public. that's my point. >> that's how it's always done. you are so hopeful, bill. >> larry, steve, i'll see you later. >> it's charming, bill. just charming. all right. we have -- >> that's a code word on her part, by the way. >> 13 minutes before the closing bell. the dow jones industrial average l
u.s. stocks are down 2%. that's like nothing. so basically what's happening is this fiscal cliff is holding down a market that's being boosted by what steve said, better economic numbers, not just in the u.s. china's bottom is going up. we've seen better pmi numbers in europe. monetary expansion is pushing asset spriess up. so again, if you believe there's going to be resolve, and it could well go down. i actually think there will be bigger buying opportunities if you go through december 31st...
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Nov 2, 2012
11/12
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a bank like wells fargo, u.s. bancorp -- morgan stanley with tremendous exposure to the continent. that's why at times i've had to dismiss the earnings per share gates entirely at the moment if the cohort was radically out of favor. but i never just forgot them. instead i try to choose -- figure out which one's ten at times, break the sector of the gravitational pull and which one can shine. if the sector falls back into favor i got to be ready. in bottom 2009 remember the march bottom generational? we've seen many sectors retail and individual stocks within those sectors outperform. i like to listen to the earnings of all the retailers. at given times i am wrapped by the groups doing the best. by far the top performers during this period have been the discount stores, particularly the dollar stores. dollar general, dg, and dollar tree. when i see the markets tied at money going to retail i go back to my earnings report memory and i reach for these two. i know they have the most earnings momentum. i only know that because i keep listening to the calls. even though the group may hav
a bank like wells fargo, u.s. bancorp -- morgan stanley with tremendous exposure to the continent. that's why at times i've had to dismiss the earnings per share gates entirely at the moment if the cohort was radically out of favor. but i never just forgot them. instead i try to choose -- figure out which one's ten at times, break the sector of the gravitational pull and which one can shine. if the sector falls back into favor i got to be ready. in bottom 2009 remember the march bottom...
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Nov 7, 2012
11/12
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it's dv u.s. divas. oh, boy, the initial numbers, the initial scripts in the game are not that good. i reiterate. go ahead. >> do whatever you want. >> let's go to warren in arizona. >> caller: booyah, jim. warren in arizona. like i say, my wife, nancy and i watch you every day. our stalk is boardwalk empire's enterprise. >> i'd say you've got horse sense. i like this stock. a lot of people worry about these mlps, i am not. >> hi, jim, how are you doing today? >> okay, well, question on two retail stocks that i don't know. jcpenney and sears, they have a lot in common. they both lose money. they both have negative same-store sales. and, my opinion, i think their business mounds are a little flat, but they do own part of the real estate. are they overvalued? and the big question is what would the share price be of each company if you just base it on the value of the real estate? >> you have to believe that retail is going to really come roaring back more than it has. i want to avoid both of them. let's st
it's dv u.s. divas. oh, boy, the initial numbers, the initial scripts in the game are not that good. i reiterate. go ahead. >> do whatever you want. >> let's go to warren in arizona. >> caller: booyah, jim. warren in arizona. like i say, my wife, nancy and i watch you every day. our stalk is boardwalk empire's enterprise. >> i'd say you've got horse sense. i like this stock. a lot of people worry about these mlps, i am not. >> hi, jim, how are you doing today?...
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Nov 19, 2012
11/12
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i think out of all of them to me u.s. bank corp is the most stable one. if you had to pick one of the banks for the people playing our home game which do you go with? >> bb&t. i think it is a well managed company. they were off by 5% or so. they had some fundamental issues but got really overplayed here in the down fall. probably 200 to 300 basis points as we come to the conclusion that the fiscal cliff is not going to happen. >> is 23% enough that it makes sense why people are selling off the dividend paying stocks or is that a level that you say on this selloff i am ready to buy? >> so that is a great question and brings in a different area. everybody is saying lops there is weakness in there and under performing the market. that is tax policy reform. that is not happening until next year. the weakness today is unrelated to reform. and i say in the mortgage reach you see the same activity. we don't think the tax structure or code changes for those pieces materially. >> thanks for coming by. we appreciate it. >>> the stocks were once beaten down on fears
i think out of all of them to me u.s. bank corp is the most stable one. if you had to pick one of the banks for the people playing our home game which do you go with? >> bb&t. i think it is a well managed company. they were off by 5% or so. they had some fundamental issues but got really overplayed here in the down fall. probably 200 to 300 basis points as we come to the conclusion that the fiscal cliff is not going to happen. >> is 23% enough that it makes sense why people are...
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Nov 1, 2012
11/12
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better than expected data from china, the u.s. helping to give a boost with stocks across the board. and tech, a bright spot in today's session with notable moods. it's interesting, you go from the month of october where tech was the worst performing sector and moved into november and how quickly things changed. >> it felt like the first of the month, i'm not making light of it, i think that's a lot of what's going on. tech clear, microsoft performed well. intel to me, the most interesting one. finally catching a bounce for no apparent reason. here we are again at 1425, give or take, that was support on the way down a couple times. it's resistance on the way up. and here we are right now, my inclination is to stave this move, we'll know more in 12 to 14 hoyers from now. >> the semiconductor up 3%. it's almost as if people forgot about the forecast for the demise of the pc and said the month of november, we're going to go in, they're cheap, they're beaten down, and that's where the value is at this point. >> we've seen a big rotati
better than expected data from china, the u.s. helping to give a boost with stocks across the board. and tech, a bright spot in today's session with notable moods. it's interesting, you go from the month of october where tech was the worst performing sector and moved into november and how quickly things changed. >> it felt like the first of the month, i'm not making light of it, i think that's a lot of what's going on. tech clear, microsoft performed well. intel to me, the most...
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Nov 12, 2012
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a lot of thatoming from the u.s. what all of this means in terms of the global energy trade is that we will see a shift in terms of the diversification and build up in supply. we will have a change in terms of where the middle east oil is going, as well. 90% of that is expected to go to asia by 2035. >> i'm curious what the temperature on the floor was on this report. do people buy this? >> a lot of traders say it is already priced in when you look all the way out to 2017 and 2020 we are seeing that priced in and the divergence that you are seeing between crude highlights the fact that there is a lot of focus in how much supply we have here in the u.s. this is just a confirmation of @ñat fact. >> it is so good to have you today because we are kicking off the new segment called fast or fiction where we take something like this report and see if you guys are buying it. >> i'm not buying it because tla far out in the future. we will be energy independent far faster than the iea thinks it will happen. i think in north a
a lot of thatoming from the u.s. what all of this means in terms of the global energy trade is that we will see a shift in terms of the diversification and build up in supply. we will have a change in terms of where the middle east oil is going, as well. 90% of that is expected to go to asia by 2035. >> i'm curious what the temperature on the floor was on this report. do people buy this? >> a lot of traders say it is already priced in when you look all the way out to 2017 and 2020...
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Nov 19, 2012
11/12
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the judge of the u.s. bankruptcy court will preside over a mediation between hostess lawyers and bakers union which had previously turned down a deal. tomorrow's mediation is private. that's important because like the public hearing today, of course, everyone wants to satisfy those who are watching and the vested interest at hand. this way they'll hopefully be able to put some concessions on the table without worry being that public perception. if that mediation does not resu result, the hearing that was going on today for the liquidation, that will resume wednesday at 11 a.m. if, in fact, they cannot reach an agreement tomorrow. for the meantime, a lot of people have been in the parlor game of speculating about whether a buyer will come to the fore. many companies have voiced they wouldn't step in before seeing the outcome of whether the company would be liquidating. in that case pick off the assets. we have heard sun capital potentially interested in a deal, that would be involving the unions. so that mi
the judge of the u.s. bankruptcy court will preside over a mediation between hostess lawyers and bakers union which had previously turned down a deal. tomorrow's mediation is private. that's important because like the public hearing today, of course, everyone wants to satisfy those who are watching and the vested interest at hand. this way they'll hopefully be able to put some concessions on the table without worry being that public perception. if that mediation does not resu result, the...
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Nov 15, 2012
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you know what we're facing in the u.s. how concerned are you about the possibility of a fiscal cliff and what would happen to the auto industry if we approached that and went over that fiscal cliff? >> the second part of your question is almost -- there are a variety of possible outcomes. i have the utmost faith in the leadership here, however, it goes beyond the question of cars. the world is truly dependent. the americans don't understand how the world looks at the stability of the market and that the u.s. will have a plan and see how other countries are doing. [ inaudible ] >> we've been asking the ceos if they will rise above ten because that's what people want. they want everybody to rise above what's going on in washington. have you expressed that to either president obama or any of the political leaders here in this country, they need to rise above their partisan bickering and fighting and come to an agreement? >> i haven't, but i think that what you saw here today is an example -- an actual example of how the colle
you know what we're facing in the u.s. how concerned are you about the possibility of a fiscal cliff and what would happen to the auto industry if we approached that and went over that fiscal cliff? >> the second part of your question is almost -- there are a variety of possible outcomes. i have the utmost faith in the leadership here, however, it goes beyond the question of cars. the world is truly dependent. the americans don't understand how the world looks at the stability of the...
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Nov 26, 2012
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so u.s. markets back to business as usual today after closing out the short holiday week with the first positive black friday since 2008. joining us is head of trading and founder of amplified trading. pierce, thanks for joining us. we talked the friday before last week and then i wrote about it and said if you're a trader, you might think we'll get a bounce. and we did. 5.5% for the dax, nasdaq composite up 4%. >> big bounce. bigger than expected. i think what that will mean, though, i think that was the best trading opportunity left in 2012, so if you missed it, you have to be a little bit cautious now about piling in at the start of this week. i think we can still maintain at the levels reached, but i think it will be a little more choppy. >> and it contact on the back with the s&p off 10%, 11% from the september highs. >> that's right. an overextension. it was a pretty straightforward call. i know it's always easy to say that in hipd site, but -- >> we did call it, though. >> we did. but
so u.s. markets back to business as usual today after closing out the short holiday week with the first positive black friday since 2008. joining us is head of trading and founder of amplified trading. pierce, thanks for joining us. we talked the friday before last week and then i wrote about it and said if you're a trader, you might think we'll get a bounce. and we did. 5.5% for the dax, nasdaq composite up 4%. >> big bounce. bigger than expected. i think what that will mean, though, i...
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Nov 16, 2012
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u.s. dollar is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the whole fiscal cliff story is pretty much a story of going down austerity politics. that's been a disaster policy path for everywhere else it's been tried so i do think it is going to weigh on aggregate demand. if that's the case the fed is going to overweight qe, which means it will offset anything the japanese do. to me the dollar/yen is going to be a sell in a near term. i want to be a seller here at 80.50. if it breaks 80.50 with a stop at 81.50. if it runs away, then i'm not hurt. but if it turns around it is going to come back and take out all those stops for those who
u.s. dollar is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the...
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Nov 14, 2012
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we have been buying a great company based here in the u.s. its earnings are going to take a cyclical dip this year most likely as a result of europe. it has a great balance sheet and trading about ten times earnings. people are afraid to own it right now. >> we are going to leave it there. thanks for joining us. a name that dan had mentioned. >> we trade and talk about that from time to time. it had a nice run earlier this year. now it is trading 77.5. to me it seems it has a chance to trade to the lower 70s which i'm sure dan doesn't care about with a five-year time horizon. >>> let's move on here. the unrest in the middle east and the impact on oil prices. take a look at this incredible video from gaza. israel launched an a air strike. crude immediately spiked. where do you put this? we know there are tensions between hamas and israel. >> i don't think so. i think this is a bigger issue than people made out today. we are used to that rhetoric but you are starting to see the rest of the middle east get involved. we saw egypt pull the ambassa
we have been buying a great company based here in the u.s. its earnings are going to take a cyclical dip this year most likely as a result of europe. it has a great balance sheet and trading about ten times earnings. people are afraid to own it right now. >> we are going to leave it there. thanks for joining us. a name that dan had mentioned. >> we trade and talk about that from time to time. it had a nice run earlier this year. now it is trading 77.5. to me it seems it has a chance...
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Nov 8, 2012
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certainly it's been successful here in the u.s. the real concern, obviously, is not just the water side but also the emissions side, particularly that flowback water that's coming after the initial fracking. and i feel very confident that if we can get some consistent regulationings and guidelines, then we'll be able to find more services around those sites and provide that environmental service that they're looking for. i really do believe that either administration recognizes the low value of natural gas to our economy and i hope we continue that way. >> i'm glad we got to talk about safety cleans last time you were on. we didn't get to it last time because there's so much going on with sandy. congratulations on a fabulous quarter. i knew you would deliver. chairman and ceo of clean harbors. >> thanks so much, jim. >> guys, look. there are certain stories. we bring them to you last week. stocks at 50 goes to 59. do you want to chase up nine? when this stock comes in, think about the opportunities they have. most stocks do not hav
certainly it's been successful here in the u.s. the real concern, obviously, is not just the water side but also the emissions side, particularly that flowback water that's coming after the initial fracking. and i feel very confident that if we can get some consistent regulationings and guidelines, then we'll be able to find more services around those sites and provide that environmental service that they're looking for. i really do believe that either administration recognizes the low value of...
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Nov 27, 2012
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>> i think in general if your catalyst is the u.s. government you should be generally freaking out. free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't think we should overreact to this. if i learned anything from schoolhouse rock making a bill is like sausage making. you will have imaginations going on. >> i don't think they made that comparison on school house rock. >> he was watching a different schoolhouse rock. >> the jack black "schoolhouse rock." >> the fiscal cliff is just a great headline but the tip of the iceberg of what is really ailing or what could potentially ail this market in weeks to come. we are within the whisper of a four-year high. europe is a mess and the data in the states has been mediocre at best. the fiscal cliff is an easy thing
>> i think in general if your catalyst is the u.s. government you should be generally freaking out. free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't...
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Nov 7, 2012
11/12
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fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been propped up with some incertauncertainty. it's kept the market saying, are we going to get a chan
fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at...
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Nov 15, 2012
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deal and downward pressure on the economy in the first half of 2013, yields are going to go down for u.s. treasuries, high-grade market backed securities. you are going to benefit from that. the euro's downward move is going to get accelerated because the dollar will be king under those circumstances. >> what about etfs? is it obviously matters right now how things are taxed and etfs are considered more tax officials. >> they are considered more tax efficient. they are going tonight beneficiaries of any of these tax related fears that are there, mandy. but i would argue to set aside the tax aspect they are going to all benefit from it. the final point in terms of what you need to be prepared for -- gold price. we have seen that coming down. we saw that go down quite a bit. i've been very bearish on gold price for the last year and i think we are going well below $1,600. >> that's quite a lot of everything being thrown out with the kitchen sink. thank you very much. >>> remember the race to $1,000 a share between apple, google and priceline? it may now be a race down to $500. look at that
deal and downward pressure on the economy in the first half of 2013, yields are going to go down for u.s. treasuries, high-grade market backed securities. you are going to benefit from that. the euro's downward move is going to get accelerated because the dollar will be king under those circumstances. >> what about etfs? is it obviously matters right now how things are taxed and etfs are considered more tax officials. >> they are considered more tax efficient. they are going tonight...
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Nov 26, 2012
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we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you for joining us, stewart. a pleasure. >>. >> 12 minutes before the closing bell. right now the dow jones industrial average is lower by 54 points. nasdaq higher by 70 point. >> violent protests in egypt are one of the ma
we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic...
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Nov 7, 2012
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if these at care the u.s. economy will continue to grow next year, but modestly, maybe 1.5, 2% gdp growth, hard for us to see huge upside the next few months in terms of a market rally if the best case scene nair gee moderate economic growth scenario. it is possible, if he is there a miracle and republican and democrats could come together with a true grand bar gape, we see a big rally, that seems like a true right tail event, very unlikely in the foreseeable future. >> neel it is brian kelly. i know you like stocks over bonds in the long term, but the scenario you just described sounds to me like i want protection, i want to be in the bond market. bonds were up huge today. have you changed your view on stocks over bounds in the long run? >> new york the long run, we think the equity returns are going to be higher than bond returns over the long term, though we do think that they are all going to be lower than what we have been used to over the last several decades n this environment, with this volatility comi
if these at care the u.s. economy will continue to grow next year, but modestly, maybe 1.5, 2% gdp growth, hard for us to see huge upside the next few months in terms of a market rally if the best case scene nair gee moderate economic growth scenario. it is possible, if he is there a miracle and republican and democrats could come together with a true grand bar gape, we see a big rally, that seems like a true right tail event, very unlikely in the foreseeable future. >> neel it is brian...
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Nov 5, 2012
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if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have to do a lot fundamentally to make me comfortable but it is a really good sign, a really good report and great forward guidance. >> drop in time warner of 7%. >> this market didn't like the earnings. i've always liked this company but lately it's been kind of expensive. i'd wait for it to drop down a little more, then i'd get involved. >> there are of course far better cable companies to buy. >> transocean. >> thedeep water is where you want to be in energy. >> tesoro. >> geographically perfectly positioned out west -- love it. >> a pop for starting young. a chinese eighth-grader r
if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have...
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Nov 8, 2012
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they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agencies want to see in order to avoid those kinds of downgrades? what they're saying is laid out specifically in their reports. moody's saying they want to see specific policies that produce a stabilization. they want a downward federal debt to gdp trend. fitch says they want an agreement on med yum term deficit reduction in 2013. standard and poor's is saying a medium term fiscal plan toward reducing general government debt. if you're an investor worried about these ratings agencies, it is very clear here that you are going to know the outcome of the fiscal cliff negotiations here in washington before these ratings agencies make a move to downgrade u.s. debt. they are going to wait to see what happens in th
they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agencies want to see in order to avoid those kinds of downgrades? what they're saying is laid out specifically in their reports. moody's saying they want to see specific policies...
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Nov 30, 2012
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it will last. >> the u.s. is a built out franchise area. okay? you have franchise -- >> a built out franchise area but taco bell as we know also got themselves into a different menu category to go up against the chipotles of the world. for that reason alone i think they're stealing business back you didn't expect before on higher dollar value than you would normally get. >> it comes and goes, pete. a mature business in the u.s. they'll get a bump up here and there but you can't stay. you can't go into stock for an investment case and then the investment case goes to hell in a hand basket. this one did. >> and by that dip in the quarter is why i think there is an opportunity. >> when you're only looking for 200, that is a big delta. stay away until -- >> valuations were too high. now i think they're giving an opportunity to get in. >> joe, what do you do with this? who made the more compelling argument on yum? >> i think i made the more compelling argument and it's this. it has to do with the macro call on the
it will last. >> the u.s. is a built out franchise area. okay? you have franchise -- >> a built out franchise area but taco bell as we know also got themselves into a different menu category to go up against the chipotles of the world. for that reason alone i think they're stealing business back you didn't expect before on higher dollar value than you would normally get. >> it comes and goes, pete. a mature business in the u.s. they'll get a bump up here and there but you...
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Nov 2, 2012
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category growth in the u.s. is picking up, however. we saw about almost 1.5% to 2% category growth in the u.s. that's a big reversal from where it was two years ago where it was down 2%. we're starting to see the consumer stabilize in the u.s. we're certainly seeing better growth in latin america in particular. >> let me ask you about the implications of hurricane sandy. first off, these gas lines in new york. the story has been just horrible with people unable to get gasoline because these gas stations do not have power. has this impacted your business? >> it hasn't yet, maria. we have one major manufacturing facility in the path of the storm. that was in aberdeen, maryland. our folk there is had the plant shut down for about 24 hours from midday monday to midday tuesday. big issue has been getting truckers. the rail hasn't been shut down. i'd say by today we're getting fairly back to normal. our folks did a pretty good job of building inventory before the storm hit. so we only think we're down by 100 to 200,000 cases where we would h
category growth in the u.s. is picking up, however. we saw about almost 1.5% to 2% category growth in the u.s. that's a big reversal from where it was two years ago where it was down 2%. we're starting to see the consumer stabilize in the u.s. we're certainly seeing better growth in latin america in particular. >> let me ask you about the implications of hurricane sandy. first off, these gas lines in new york. the story has been just horrible with people unable to get gasoline because...
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Nov 8, 2012
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>> this is tightly organized theaters just like conventions are here in the u.s. no party hats or streamers or bloorngs but it's really a similar show for the media. the real negotiations happen behind closed doors and most of them as much as a month or more than a month ago. in china, the thing to know is that decisions like these are made by consensus among a group of people that number in the hundreds and not in the single digit which is means it's an average of a bunch of opinions which means it's quite stable relative to a personality-driven election like in the u.s. there are three factions in play in china right now. the the hu and wen factions worked through the provinces to become leaders and they're the reformers. the second group is the jiang zemin group and jiang was the president before hu who left in 2002. he was widely viewed that on his death bed he's made a resurgence and this convention is basically the jiang zemin crowd known as the shanghai gang in china taking over the china. the children of the original revolutionary leaders and xi is one of
>> this is tightly organized theaters just like conventions are here in the u.s. no party hats or streamers or bloorngs but it's really a similar show for the media. the real negotiations happen behind closed doors and most of them as much as a month or more than a month ago. in china, the thing to know is that decisions like these are made by consensus among a group of people that number in the hundreds and not in the single digit which is means it's an average of a bunch of opinions...
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Nov 20, 2012
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our understanding is the category is around $7 billion in the u.s. alone on energy crindr. the shot market will be $2 billion. it's been growing between 20% and 25% per annum. >> are you making money? you have celebrity endorsers. are they paid? >> my partner curtis "50 cent" jackson put his money where his mouth is. he and i put a lot of dollars on the table and invested in it. the nice thing is celebrities have either got on board because they believe in the cause around feeding a child with every one we sell. they also like the energy hit because it is more natural and it works. >> very diverse group of celebrities here. whether sex, age or whatnot. joan rivers to d.j. pauly d. >> it goes back to when you have a platform where it's around feeding kids in need. that's working for us well. >> right. >> as a platform the other thing is the more the product has got more, you know, less of the bad stuff and more environment oriented. >> monster beverage was the hot thing and the stock was called hanson natural. a lot of people said coca-cola should buy them. are you for sale?
our understanding is the category is around $7 billion in the u.s. alone on energy crindr. the shot market will be $2 billion. it's been growing between 20% and 25% per annum. >> are you making money? you have celebrity endorsers. are they paid? >> my partner curtis "50 cent" jackson put his money where his mouth is. he and i put a lot of dollars on the table and invested in it. the nice thing is celebrities have either got on board because they believe in the cause around...
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Nov 12, 2012
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euro bouncing off two month lows versus the u.s. dollar today after greek leaders approve a budget for 2013. does it mark a turnaround for the euro? todd gordon of aspen trading group with more. we're asking about a turnaround for the euro. it was sitting at 1.30 or so for such a long time. it's dropped a couple pennies. now talking about a turnashd. >> last week i came on the 5:00 p.m. show and said to buy 1.27. i think you take profits on that. take those 10 or 15 pips and buy lunch today for a veteran. i think we got to go the other side now. go short euro through the 1.27 level. greece has overcome two olympic sized hurdles. $13 trillion in austerity measures and 2013 budget. now we have the eu reluctant to hand out the next aid tranche for $31 billion. there's reluctance through this week. we have a big event coming up in greece friday. there's due about $5 billion in short-term treasury by bills. they're going to need to up the urgency to meet this. i think the propensity in this quiet market is to go short euro. >> what will
euro bouncing off two month lows versus the u.s. dollar today after greek leaders approve a budget for 2013. does it mark a turnaround for the euro? todd gordon of aspen trading group with more. we're asking about a turnaround for the euro. it was sitting at 1.30 or so for such a long time. it's dropped a couple pennies. now talking about a turnashd. >> last week i came on the 5:00 p.m. show and said to buy 1.27. i think you take profits on that. take those 10 or 15 pips and buy lunch...
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Nov 16, 2012
11/12
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i think the u.s. economy, there's so much money on the sidelines, both in business and retail investors. it wouldn't take much positive momentum. i don't think the bar is that high that people -- you know, they really want to get back to business. i think -- >> but we just have to accept less than we would have gotten historically. >> oh, absolutely. i think right now it's still going to be a long, slow recovery. i don't think it's going to magically come back and shoot and a everything is going to go. it still will be a long, slow recovery. we've come to a difficult crisis. it's a financial crisis. they take time to heal. right now it's about confidence. we really need that leadership and some kind of sentiment in a direction will be helpful. >> real quick, maria bartiromo was speaking with the charles schwab ceo earlier this week. they're cutting their etf fees, which puts pressure on everybody in the industry. will you be doing the same? >> well, we don't manufacture etfs. we have what we call an e
i think the u.s. economy, there's so much money on the sidelines, both in business and retail investors. it wouldn't take much positive momentum. i don't think the bar is that high that people -- you know, they really want to get back to business. i think -- >> but we just have to accept less than we would have gotten historically. >> oh, absolutely. i think right now it's still going to be a long, slow recovery. i don't think it's going to magically come back and shoot and a...
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Nov 7, 2012
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the u.s. credit rating after the outcome of budget negotiations. that's presumed that we'll actually have some. tom, what do you think when you hear that headline? >> well, i think to last year and this whole debacle that happened last year and one thing that is happening last year that is not happening this year is corporate bonds were selling off. we really knew stocks were going to take a wallop because of high yield spreads, high spreads were widening. today if you looked at the corporate bond market, they are not expressing concerns about the fiscal cliff. to me, i'm wondering if those markets are about to take a hit soon or if the fiscal cliff is not really the reason that stocks are selling off today. >> for the folks listening on the radio, another headline is, even if we go over the fiscal cliff, moodys is saying that doesn't necessarily immediately lead to a downgrade. that means that they are waiting to hear what is the long term whom did i interrupt? >> i have a question for tom. y
the u.s. credit rating after the outcome of budget negotiations. that's presumed that we'll actually have some. tom, what do you think when you hear that headline? >> well, i think to last year and this whole debacle that happened last year and one thing that is happening last year that is not happening this year is corporate bonds were selling off. we really knew stocks were going to take a wallop because of high yield spreads, high spreads were widening. today if you looked at the...
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Nov 19, 2012
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>> u.s.-based companies. i'm looking for companies whose primary operations are in the u.s. as opposed to emerging markets xhshgs is how i felt for the last few years. i think sectors such as pharma, specialty and big pharma, i think reit sector is very interesting because they can take advantage of the low treasury rates, and i think in the tech space there are a few opportunities but very selective to a handful of companies. >> i'm going to look at you here, joe. bellwether stocks and what they say about the nature of the market. years ago ibm was the bellwether stock. for years general electric, our former parent company, was the bellwether. now apple is with this huge rally today. i know you're a little skeptical about what this rally's employ tod -- about today. but do you follow it? >> i think everybody will agree on the cause but it's the longevity is where i take issue. apple will remain a proxy just because it has, obviously, enormous cash hoard. people are talking about what the dividend will look like. is that going to grow? plus we're only a few week as way from
>> u.s.-based companies. i'm looking for companies whose primary operations are in the u.s. as opposed to emerging markets xhshgs is how i felt for the last few years. i think sectors such as pharma, specialty and big pharma, i think reit sector is very interesting because they can take advantage of the low treasury rates, and i think in the tech space there are a few opportunities but very selective to a handful of companies. >> i'm going to look at you here, joe. bellwether stocks...
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Nov 2, 2012
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the u.s. chamber of commerce, though they didn't want us to have a camera in their phone banks, say they're also making millions of calls this weekend. everyone is trying to goose the turnout. the turnout by the two sides is what's going to tell us which of these poll models is correct. the likely voters are something that pollsters can only guess at. they're trying to turn likely voters into actual voters. >> all right, john. thanks so much. we'll keep watching that. very, very important component to this story. >>> 40 minutes before the closing bell sounds on wall street for friday. the market is under pressure today after being up 57 points on the better than expected jobs numbers. a complete reversal. we're looking at a triple-digit decline to end the week. >>> meantime, verizon is warning that now that superstorm sandy could significant hit its bottom line. what about at&t? has it been hit as well? comparing those two coming up next. >>> and how will sandy impact clorox? the ceo will join
the u.s. chamber of commerce, though they didn't want us to have a camera in their phone banks, say they're also making millions of calls this weekend. everyone is trying to goose the turnout. the turnout by the two sides is what's going to tell us which of these poll models is correct. the likely voters are something that pollsters can only guess at. they're trying to turn likely voters into actual voters. >> all right, john. thanks so much. we'll keep watching that. very, very important...
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Nov 7, 2012
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u.s. on the spdrs right at the european close. this suggests a large part of this decline we are seeing right here all the way down was europeans that were actually selling. the minute we hit europe, we stabilized and we actually moved up. we're almost 100 points off of the low on the dow. here's your stocks that are affected notably by i think clearly president obama's election. coal stocks, financial stocks, defense stocks, energy stocks, and some of the dividend payers. this is etf, dvy. apple at $564 i believe? there's $564. when apple hit that you saw the move to the downside. i think it is pretty simple explanation. one-thi one-third, one-third, and maybe one-third. >> as soon as the election's over, we'll go back to talking about europe. >>> sew ma mowdy is at the nasdaq. tech stocks are getting real crushed. >> absolutely, mandy. down about 65 points on the nasdaq. the s&p tech index at or near correction territory. as bob was pointing out, apple is the big story. breaking some key
u.s. on the spdrs right at the european close. this suggests a large part of this decline we are seeing right here all the way down was europeans that were actually selling. the minute we hit europe, we stabilized and we actually moved up. we're almost 100 points off of the low on the dow. here's your stocks that are affected notably by i think clearly president obama's election. coal stocks, financial stocks, defense stocks, energy stocks, and some of the dividend payers. this is etf, dvy....
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Nov 27, 2012
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despite the u.s. market's weak appetite for electric cars, jane, do you see lot of volts thought in california? >> no, and this is california's fault, because car makers are doing this because to sell any cars in california, the state is going to make themselves a certain number of electric cars but nobody -- while californians love their high bids are, the electric cars other than the tesla don't have a strong enough charge, not working here, maybe we should put put a can need dan yan in charge of california. >> seven hours to charge it, jane. make anybody happy? how far does the volt go, if it goes 30 miles before the charge runs out. >> the leaf goes 80, not even a day's commute for me h >> doesn't work. >> finally, larry ellison scoping up his tenth house on malibu's so-called billionaire's beach. jane this is right up your alley. >> yeah you know, pretty soon, he owns some houses just billionaire, singular. here is the headline, the house he bought, ocean front malibu, billionaire's beach, assess
despite the u.s. market's weak appetite for electric cars, jane, do you see lot of volts thought in california? >> no, and this is california's fault, because car makers are doing this because to sell any cars in california, the state is going to make themselves a certain number of electric cars but nobody -- while californians love their high bids are, the electric cars other than the tesla don't have a strong enough charge, not working here, maybe we should put put a can need dan yan in...
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Nov 5, 2012
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. >>> latest numbers from the u.s. department of energy show 1.4 million homes and businesses are still without power. 780,000 new jersey residents are still in the dark and pse&g, the state's largest ess esst utilit 78% of its customers have had their power restored. in new york half a million customers still without power. con ed reporting an 84% restoration rate. generators are still powerless in new york. 60 locations serving over 140,000 voters have already been moved. new jersey voters displaced by the storm will be per misted to vote via fax or e-mail. early voting is also in progress in the garden state. >>> banks in sandy's path are back up and running but giving consume aers few extra day to pay their bills. jpmorgan chase, wells fargo, citi group and pnc all waving fees for customers through wednesday, november 7th. >>> everybody probably personally cares who wins the presidential election. but does the market care? let's bring in the president and ceo of td ameritrade. does it matter to stocks who wins tomo
. >>> latest numbers from the u.s. department of energy show 1.4 million homes and businesses are still without power. 780,000 new jersey residents are still in the dark and pse&g, the state's largest ess esst utilit 78% of its customers have had their power restored. in new york half a million customers still without power. con ed reporting an 84% restoration rate. generators are still powerless in new york. 60 locations serving over 140,000 voters have already been moved. new...
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Nov 19, 2012
11/12
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obviously in the u.s., fomc has to do something to replace operation twist. you look over to japan, you are finally getting chatter that they are going to get real aggressive, stimulus efforts, end could weaken. is it now looking like it is a globally coordinated effort here and just a race to take that currency as cheap as you possibly can get it? >> that's what you are seeing. really a keynesian warfare here across the world. big government is highly inn debt. all of the -- six of the major top ten economies. colossal debt, colossal leverage and they are trying to lever that up at this point. but the mark let fight them. i think it is about trading in -- inflection points. yen has been very, very weak. and as you said, and that's a sign that japan is moving that way. spain -- disturbing in europe in terms of their fiscal cliff, spanish ten years have been massively underperforming italian ten years. that's -- that's really a warning sign for another spain problem in the next couple of weeks. >> in your note today you say short the home builders and sell int
obviously in the u.s., fomc has to do something to replace operation twist. you look over to japan, you are finally getting chatter that they are going to get real aggressive, stimulus efforts, end could weaken. is it now looking like it is a globally coordinated effort here and just a race to take that currency as cheap as you possibly can get it? >> that's what you are seeing. really a keynesian warfare here across the world. big government is highly inn debt. all of the -- six of the...
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Nov 13, 2012
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meanwhile the agenda in the u.s., the monthly u.s. federal budget statement will be released at 2:00 p.m. 3:30, janet yellen will speak with central bank communication. and on the earnings front, we get numbers before the open fho depot, michael kors. after the close, cisco systems. >> the u.s. holiday shopping system officially kicks off black friday, the day after thanksgiving. but for consumers in the new york city area, finding that perfect holiday gift may not be the first thing on their minds. they're continuing to clean up after hurricane sandy. before the storm struck, a majority of chains were fairly confident about the holidays expecting sales to be the same or better than last year. joining us now is executive vice president of the retail council of new york. ted, good morning. we spoke with you last just after the storm. and your sense wasn't clear yet as to what the impact would be. and that ben foit a home dae poe and the other suppliers or would it hurt results for retailers broadly speaking. do you have anymore clarity
meanwhile the agenda in the u.s., the monthly u.s. federal budget statement will be released at 2:00 p.m. 3:30, janet yellen will speak with central bank communication. and on the earnings front, we get numbers before the open fho depot, michael kors. after the close, cisco systems. >> the u.s. holiday shopping system officially kicks off black friday, the day after thanksgiving. but for consumers in the new york city area, finding that perfect holiday gift may not be the first thing on...
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Nov 30, 2012
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as much as yum is based in the u.s. and owns iconic brands like pizza hut and taco bell, under its roof as well as kfc, china makes up 44% of the china's sales. we should think of yum as a chinese dog with an american tail. does this mean that china which has been showing signs of life is back sliding and all the big expansionist data we've been getting is a false tale? i'm putting it on the line for you tonight. absolutely not. too many good things happening in china. bank reserve injections have really stimulated industrial growth. i think china is going like this. as far as american companies linked with china, it's been a real mixed picture lately. nike has had a very nice run in the united states. but china's been a big disappointment, including concerns over too much inventory. coach is expanding rather rapidly in china. the latest weakness came from the united states, not china. starbucks. i think china is a growth story there frankly. the high quality problem of lines that are too long. i think we'll hear amazin
as much as yum is based in the u.s. and owns iconic brands like pizza hut and taco bell, under its roof as well as kfc, china makes up 44% of the china's sales. we should think of yum as a chinese dog with an american tail. does this mean that china which has been showing signs of life is back sliding and all the big expansionist data we've been getting is a false tale? i'm putting it on the line for you tonight. absolutely not. too many good things happening in china. bank reserve injections...